Assignment Clause. The Owners may, upon giving notice to the Managers, assign all of their rights under this Agreement to any mortgagee of the Vessel provided that such assignment shall not otherwise prejudice any of the rights of the Managers under this Agreement. The Managers shall acknowledge any assignment that complies with this Clause in such form as the mortgagee may reasonably request.
Appears in 11 contracts
Samples: Management Agreement (Double Hull Tankers, Inc.), Management Agreement (Double Hull Tankers, Inc.), Management Agreement (Double Hull Tankers, Inc.)
